Podcast
Questions and Answers
Problem Inventory Analysis involves focusing on ______ to generate new ideas or solutions.
Problem Inventory Analysis involves focusing on ______ to generate new ideas or solutions.
problems
Creative problem-solving techniques include ______, Brainstorming, and Problem Inventory Analysis.
Creative problem-solving techniques include ______, Brainstorming, and Problem Inventory Analysis.
Focused Group Discussion
______ involves a group of individuals discussing a new product or service in a structured format.
______ involves a group of individuals discussing a new product or service in a structured format.
Focused Group Discussion
In ______, participants are encouraged to share creative ideas without criticism.
In ______, participants are encouraged to share creative ideas without criticism.
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Opportunity seeking is the ongoing process of considering, evaluating, and pursuing ______ activities in the marketplace.
Opportunity seeking is the ongoing process of considering, evaluating, and pursuing ______ activities in the marketplace.
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The ______ Environment represents the general environment where entrepreneurs can identify business opportunities.
The ______ Environment represents the general environment where entrepreneurs can identify business opportunities.
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A business plan is a written outline that evaluates all aspects of the economic viability of a business venture, including a description and analysis of its ______.
A business plan is a written outline that evaluates all aspects of the economic viability of a business venture, including a description and analysis of its ______.
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Identifying Market Needs Survey is the basic step in discovering an unmet or undeserved market need or gaining insight to a particular field is to conduct a survey among the people within the ______ of business operations.
Identifying Market Needs Survey is the basic step in discovering an unmet or undeserved market need or gaining insight to a particular field is to conduct a survey among the people within the ______ of business operations.
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The easiest and cheapest technique for surveying is the ______ Survey; however, it utilizes random sampling method which will not provide representative results.
The easiest and cheapest technique for surveying is the ______ Survey; however, it utilizes random sampling method which will not provide representative results.
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Telephone Survey is a technique that could provide representative results as the contacted individuals will become included in the sample once they agree to participate in the survey; however, this method is ______ and may take a long time.
Telephone Survey is a technique that could provide representative results as the contacted individuals will become included in the sample once they agree to participate in the survey; however, this method is ______ and may take a long time.
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Qualitative Survey involves focused group discussions and in-depth interviews, and often asks ______ questions; thus it can provide high quality feedback.
Qualitative Survey involves focused group discussions and in-depth interviews, and often asks ______ questions; thus it can provide high quality feedback.
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Paper Survey uses the traditional pen-and-paper approach where it involves questionnaires sent via mail or e-mail to be filled out by respondents. It is best to employ to increase response rates and target ______ to reach audiences.
Paper Survey uses the traditional pen-and-paper approach where it involves questionnaires sent via mail or e-mail to be filled out by respondents. It is best to employ to increase response rates and target ______ to reach audiences.
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PESTLE Analysis is a popular technique for ______ scanning
PESTLE Analysis is a popular technique for ______ scanning
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Adaptive Model is a conservative approach to solve ______
Adaptive Model is a conservative approach to solve ______
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In the Innovative Model, entrepreneurs focus on thinking ______ the box
In the Innovative Model, entrepreneurs focus on thinking ______ the box
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Competitive Analysis involves researching major ______
Competitive Analysis involves researching major ______
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Entrepreneurs use Environmental Scanning to monitor and analyze external ______
Entrepreneurs use Environmental Scanning to monitor and analyze external ______
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Two prominent problem-solving models for entrepreneurs are Adaptive and ______
Two prominent problem-solving models for entrepreneurs are Adaptive and ______
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The business environment includes the ______, suppliers, customers, competitors, employees, and creditors.
The business environment includes the ______, suppliers, customers, competitors, employees, and creditors.
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New ______ are new trends that can be the core business model of a new venture.
New ______ are new trends that can be the core business model of a new venture.
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The ______ of the entrepreneur or employees can be a source of opportunity.
The ______ of the entrepreneur or employees can be a source of opportunity.
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[Blank] Opportunities are new projected opportunities that can possibly impact the business while it is operating.
[Blank] Opportunities are new projected opportunities that can possibly impact the business while it is operating.
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Having a good ______ allows the business to align to its needs and objectives; thereby, maximizing opportunity while minimizing costs and risks.
Having a good ______ allows the business to align to its needs and objectives; thereby, maximizing opportunity while minimizing costs and risks.
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Opportunity ______ is a process that can help entrepreneurs carefully select the best opportunity for them.
Opportunity ______ is a process that can help entrepreneurs carefully select the best opportunity for them.
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